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Business

Ricardo Magro Explains Why White Flag Gas Stations Are Advancing In Brazil Amid The Economic Crisis

The fuel crises continue in Brazil and in the world. In the search for more economical alternatives, Brazilians went hunting for cheaper and more reliable gasoline. Also, with the war in Ukraine already impacting Brazil from north to south, some gas station networks have faced fuel shortages, which has caused price inc

25 January 2023·1 min read
Ricardo Magro Explains Why White Flag Gas Stations Are Advancing In Brazil Amid The Economic Crisis

The fuel crises continue in Brazil and in the world. In the search for more economical alternatives, Brazilians went hunting for cheaper and more reliable gasoline. Also, with the war in Ukraine already impacting Brazil from north to south, some gas station networks have faced fuel shortages, which has caused price increases. According to Ricardo Magro, an Oil and Gas lawyer specializing in the tax area, Brazil has traditionally exported gasoline and imported diesel. After the outbreak of war in Europe, the United States, the country's main partner in this area, stopped exporting this type of product.

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